Presto went public via a SPAC merger with Ventoux CCM Acquisition in a $1bn deal.

Presto, a provider of customer experience and labor productivity software, went public via a SPAC merger with Ventoux CCM Acquisition in a $1bn deal. The transaction includes a fully committed PIPE totaling approximately $70m. In addition to institutional investors, the PIPE included REMUS Capital, Rajat Suri, Presto Founder & CEO, Yum! Brands, Applebee’s, McDonald’s, and Outback Steakhouse. "Presto is on a mission to transform physical industries with next-gen digital technologies like Touch, Vision and Voice. We are excited to invite public market investors to join us on this journey, and support us in our efforts to solve deep-rooted problems for our customers like the shortage of labor, slow guest experiences and lack of data to enable sophisticated decision-making," Rajat Suri, Presto Founder and CEO. On September 14, 2022, Ventoux’s stockholders approved the merger with Presto.